Digihost Cash And Short Term Investments vs Short Term Debt Analysis

DGHI Stock

CAD 2.86 0.30 11.72%

Digihost Technology financial indicator trend analysis is much more than just examining Digihost Technology latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digihost Technology is a good investment. Please check the relationship between Digihost Technology Cash And Short Term Investments and its Short Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digihost Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Digihost Stock please use our How to Invest in Digihost Technology guide.

Cash And Short Term Investments vs Short Term Debt

Cash And Short Term Investments vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digihost Technology Cash And Short Term Investments account and Short Term Debt. At this time, the significance of the direction appears to have pay attention.

The correlation between Digihost Technology's Cash And Short Term Investments and Short Term Debt is -0.94. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Digihost Technology, assuming nothing else is changed. The correlation between historical values of Digihost Technology's Cash And Short Term Investments and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Digihost Technology are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Cash And Short Term Investments i.e., Digihost Technology's Cash And Short Term Investments and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.94

Relationship Direction	Negative
Relationship Strength	Significant

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Digihost Technology balance sheet. This account contains Digihost Technology investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Digihost Technology fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Short Term Debt

Most indicators from Digihost Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digihost Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digihost Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy Digihost Stock please use our How to Invest in Digihost Technology guide.Digihost Technology reported Tax Provision of (1.54 Million) in 2023. Selling General Administrative is likely to climb to about 5.7 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (10.04) in 2024.

Digihost Technology fundamental ratios Correlations

	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Current Assets	Total Current Assets	Common Stock	Total Assets	Other Current Liab	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Total Liab	Net Invested Capital	Capital Stock	Net Working Capital	Short Long Term Debt Total	Other Liab	Current Deferred Revenue	Long Term Debt	Other Stockholder Equity	Short Long Term Debt	Short Term Debt
Total Current Liabilities		0.8	-0.68	0.86	0.62	0.84	0.81	-0.7	0.79	0.2	0.77	0.45	0.69	-0.78	0.73	0.81	0.8	0.85	0.44	-0.79	0.79	0.54	-0.78	0.81	-0.79	-0.79
Net Tangible Assets	0.8		-0.83	0.62	0.49	0.92	0.91	-0.82	0.89	-0.03	0.96	0.64	0.96	-0.78	0.95	0.85	0.89	0.95	0.33	-1.0	1.0	0.68	-1.0	0.97	-0.98	-1.0
Retained Earnings	-0.68	-0.83		-0.49	-0.1	-0.64	-0.57	0.81	-0.52	-0.23	-0.96	-0.15	-0.87	0.69	-0.76	-0.86	-0.53	-0.69	0.08	0.78	-0.82	-0.94	0.84	-0.73	0.7	0.78
Other Current Assets	0.86	0.62	-0.49		0.41	0.6	0.58	-0.46	0.57	-0.13	0.57	0.45	0.6	-0.43	0.64	0.54	0.57	0.61	0.23	-0.64	0.63	0.43	-0.63	0.64	-0.64	-0.64
Total Current Assets	0.62	0.49	-0.1	0.41		0.71	0.79	-0.14	0.81	-0.13	0.3	0.47	0.22	-0.41	0.36	0.49	0.8	0.7	0.98	-0.52	0.48	-0.06	-0.46	0.59	-0.59	-0.52
Common Stock	0.84	0.92	-0.64	0.6	0.71		0.97	-0.71	0.95	0.0	0.81	0.7	0.79	-0.8	0.89	0.86	0.96	0.99	0.59	-0.93	0.91	0.52	-0.89	0.97	-0.96	-0.93
Total Assets	0.81	0.91	-0.57	0.58	0.79	0.97		-0.65	1.0	-0.05	0.77	0.72	0.75	-0.75	0.83	0.78	1.0	0.98	0.68	-0.92	0.9	0.39	-0.88	0.94	-0.95	-0.92
Other Current Liab	-0.7	-0.82	0.81	-0.46	-0.14	-0.71	-0.65		-0.63	-0.47	-0.86	-0.49	-0.84	0.93	-0.78	-0.69	-0.65	-0.74	0.03	0.78	-0.79	-0.65	0.8	-0.73	0.74	0.78
Total Stockholder Equity	0.79	0.89	-0.52	0.57	0.81	0.95	1.0	-0.63		-0.08	0.74	0.75	0.73	-0.73	0.81	0.73	1.0	0.97	0.7	-0.91	0.88	0.32	-0.86	0.92	-0.94	-0.91
Net Debt	0.2	-0.03	-0.23	-0.13	-0.13	0.0	-0.05	-0.47	-0.08		0.12	-0.27	-0.05	-0.57	-0.15	0.14	-0.05	0.01	-0.2	0.1	-0.08	0.12	0.07	-0.12	0.13	0.1
Accounts Payable	0.77	0.96	-0.96	0.57	0.3	0.81	0.77	-0.86	0.74	0.12		0.41	0.96	-0.78	0.89	0.88	0.75	0.85	0.12	-0.93	0.95	0.83	-0.96	0.88	-0.87	-0.93
Cash	0.45	0.64	-0.15	0.45	0.47	0.7	0.72	-0.49	0.75	-0.27	0.41		0.58	-0.48	0.71	0.27	0.75	0.69	0.42	-0.69	0.64	0.0	-0.61	0.7	-0.76	-0.69
Cash And Short Term Investments	0.69	0.96	-0.87	0.6	0.22	0.79	0.75	-0.84	0.73	-0.05	0.96	0.58		-0.69	0.95	0.77	0.73	0.83	0.05	-0.94	0.96	0.77	-0.97	0.9	-0.9	-0.94
Net Receivables	-0.78	-0.78	0.69	-0.43	-0.41	-0.8	-0.75	0.93	-0.73	-0.57	-0.78	-0.48	-0.69		-0.69	-0.73	-0.75	-0.81	-0.26	0.74	-0.74	-0.5	0.74	-0.73	0.73	0.74
Common Stock Shares Outstanding	0.73	0.95	-0.76	0.64	0.36	0.89	0.83	-0.78	0.81	-0.15	0.89	0.71	0.95	-0.69		0.8	0.81	0.89	0.22	-0.96	0.95	0.7	-0.95	0.96	-0.96	-0.96
Total Liab	0.81	0.85	-0.86	0.54	0.49	0.86	0.78	-0.69	0.73	0.14	0.88	0.27	0.77	-0.73	0.8		0.73	0.86	0.34	-0.83	0.84	0.83	-0.85	0.86	-0.8	-0.83
Net Invested Capital	0.8	0.89	-0.53	0.57	0.8	0.96	1.0	-0.65	1.0	-0.05	0.75	0.75	0.73	-0.75	0.81	0.73		0.97	0.69	-0.91	0.88	0.33	-0.87	0.92	-0.94	-0.91
Capital Stock	0.85	0.95	-0.69	0.61	0.7	0.99	0.98	-0.74	0.97	0.01	0.85	0.69	0.83	-0.81	0.89	0.86	0.97		0.57	-0.96	0.94	0.53	-0.93	0.98	-0.97	-0.96
Net Working Capital	0.44	0.33	0.08	0.23	0.98	0.59	0.68	0.03	0.7	-0.2	0.12	0.42	0.05	-0.26	0.22	0.34	0.69	0.57		-0.38	0.33	-0.23	-0.3	0.45	-0.46	-0.38
Short Long Term Debt Total	-0.79	-1.0	0.78	-0.64	-0.52	-0.93	-0.92	0.78	-0.91	0.1	-0.93	-0.69	-0.94	0.74	-0.96	-0.83	-0.91	-0.96	-0.38		-1.0	-0.64	0.99	-0.98	0.99	1.0
Other Liab	0.79	1.0	-0.82	0.63	0.48	0.91	0.9	-0.79	0.88	-0.08	0.95	0.64	0.96	-0.74	0.95	0.84	0.88	0.94	0.33	-1.0		0.68	-1.0	0.97	-0.98	-1.0
Current Deferred Revenue	0.54	0.68	-0.94	0.43	-0.06	0.52	0.39	-0.65	0.32	0.12	0.83	0.0	0.77	-0.5	0.7	0.83	0.33	0.53	-0.23	-0.64	0.68		-0.71	0.62	-0.56	-0.64
Long Term Debt	-0.78	-1.0	0.84	-0.63	-0.46	-0.89	-0.88	0.8	-0.86	0.07	-0.96	-0.61	-0.97	0.74	-0.95	-0.85	-0.87	-0.93	-0.3	0.99	-1.0	-0.71		-0.96	0.97	0.99
Other Stockholder Equity	0.81	0.97	-0.73	0.64	0.59	0.97	0.94	-0.73	0.92	-0.12	0.88	0.7	0.9	-0.73	0.96	0.86	0.92	0.98	0.45	-0.98	0.97	0.62	-0.96		-0.99	-0.98
Short Long Term Debt	-0.79	-0.98	0.7	-0.64	-0.59	-0.96	-0.95	0.74	-0.94	0.13	-0.87	-0.76	-0.9	0.73	-0.96	-0.8	-0.94	-0.97	-0.46	0.99	-0.98	-0.56	0.97	-0.99		0.99
Short Term Debt	-0.79	-1.0	0.78	-0.64	-0.52	-0.93	-0.92	0.78	-0.91	0.1	-0.93	-0.69	-0.94	0.74	-0.96	-0.83	-0.91	-0.96	-0.38	1.0	-1.0	-0.64	0.99	-0.98	0.99

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Digihost Technology Account Relationship Matchups

Digihost Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Current Liabilities	4.2M	3.0M	5.5M	3.3M	5.3M	3.9M
Retained Earnings	(274.7K)	(5.5M)	(5.5M)	(4.6M)	(26.5M)	(25.2M)
Other Current Assets	1.3M	12.6K	709.6K	741.4K	852.6K	611.0K
Total Current Assets	3.9M	4.7M	36.2M	6.1M	2.2M	2.1M

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